GaStat: Saudi non-oil exports increase by 36.3% in Q4 2021

Overall merchandise exports increased by 78.0% in Q4 2021 compared to Q4 2020, when international trade was impacted by Covid-related lockdowns and travel bans in numerous countries, the General Authority for Statistics (GaStat) reported on Thursday.

The value of exports amounted to SAR 320.5 billion in Q4 2021, up from SAR 180.0 billion in Q4 2020. This increase originated mainly from oil exports, which rose by SAR 119.2 billion or 98.0% in the same period. The share of oil exports in total exports increased from 67.5% (Q4 2020) to 75.1% (Q4 2021). Compared to the previous quarter (Q3 2021), total merchandise exports increased by SAR 44.5 billion or 16.1%.

Non-oil exports increased by 36.3% year-on-year in Q4 2021, rising to SAR 79.8 billion from SAR 58.5 billion in Q4 2020. Non-oil exports increased compared to the previous quarter (Q3 2021) by SAR 10.4 billion or 15.0%.

Merchandise imports increased by SAR 10.1% (13.9 billion) in Q4 2021. The value of imports amounted to SAR 151.1 billion in Q4 2021 compared to SAR 137.2 billion in Q4 2020. Imports also increased compared to the previous quarter (Q3 2021), by SAR 4.6 billion or 3.1%